New York College of Traditional Chinese Medicine

Analysis

New York College of Traditional Chinese Medicine is a registered charity in United States, based in Mineola, NY. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York College of Traditional Chinese Medicine reported income of $3.0m and spending of $3.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.0m (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York College of Traditional Chinese Medicine sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Support for Catholic Schools Inc ($3.0m), Colleton Preparatory Academy Inc ($3.0m) and Cy-Fair Educational Foundation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $397k (12% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $7.9m against liabilities of $3.5m, net assets of $4.4m. It reported 60 employees.